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he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when republicans have put obstacles up to getting the bills passed. >> why didn't the president fully embrace simpson-bowles when he had the opportunity? he patteded them on the back and said thank you. >> he took much of what was in simpson bowls and create ten-year $4 trillion reduction plan much of what you saw in simpson-bowles -- >> he missed the moment. there was a moment when something might have been accomplished. >> remember, he said, i'm going to take the idea of reducing the deficit by $4 trillion and show you what i would do and he presented that and he ga
he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when...
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Oct 6, 2012
10/12
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you're going to have $1 trillion deficit. he said i have not done anything yet. >> we can not keep looking our children in the eye knowing that we're going to give them a diminished future because we're spending their money today. it is a very simple idea. mayor ron and i am going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get this balanced budget. we must get this debt under control. >> congressman paul ryan and joe biden will face off in their only debate. martha margaret. you can watch and engage with our live in debate preview starting seven got p.m. eastern filed by the debate at 9:00. your reaction at and 30 p.m. -- at 10:30 p.m. >> c-span's debate website provides life and on demand coverage of all the presidential and vice- presidential debate. is on a place for you will see live coverage before and after the debate. it has each debate question as a separate. what your critics clips as well and read streaming tweets from political reporters. go to c-span.org
you're going to have $1 trillion deficit. he said i have not done anything yet. >> we can not keep looking our children in the eye knowing that we're going to give them a diminished future because we're spending their money today. it is a very simple idea. mayor ron and i am going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get this balanced budget. we must get this debt under control. >> congressman paul ryan and joe biden...
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Oct 11, 2012
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he's turned a 2% deficit to an edge. florida, a one-point race before is still a one-point race. president up 48-47. before the debate, the president led 47-46. in ohio, the president maintains a shrinking but substantial lead. he has a six-point advantage, leading romney 51-45. the big difference, early voting. there in ohio, nearly one in five respondents tell us they've already voted. and if those who have voted, almost two-thirds have voted for president obama. and did the first debate sway any voters? the vast majority tell us they made up their minds before the debate. joining me now, lee, director of the marist poll. that's what i want to start off with. i thought it was remarkable that we're talking single digits here, 7% in florida, 7%, 6%, in these three states that said the debates mattered. among that small sliver of people, they all favored romney for those that say debates mattered. >> this is what we've been saying throughout the campaign. this electorate who picked sides early, the undecided has been low, those firmly committed to a candidate has been very high. a
he's turned a 2% deficit to an edge. florida, a one-point race before is still a one-point race. president up 48-47. before the debate, the president led 47-46. in ohio, the president maintains a shrinking but substantial lead. he has a six-point advantage, leading romney 51-45. the big difference, early voting. there in ohio, nearly one in five respondents tell us they've already voted. and if those who have voted, almost two-thirds have voted for president obama. and did the first debate sway...
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owl poll among likely voters say the romney ticket went from a one-point deficit to a large legaled. take a look at this. among independent voters there was a huge shift away from the president that is a big concern for him this close to the election. the other thing to consider tonight the moderator. these are the four moderators for this series of debates. jim laier did the debate. many people say he lost control of the debate. it upped the pressure on martha she is the moderator tonight. >> doug lousader in washington, thank you. >> now to the attack on our consulate in libya. yesterday an intense day on capitol hill lawmakers trying to get to the bottom of what happened. there have been many questions raised following the obama's administration about him. >> they called the attack a spontaneous act sparked by outrage by the anti muslim film trailer to come out and say it was an act of terrorism. >> law americas getting tough demanding answers on the lack of security in benghazi at the time of the attacks. listen to what happened. >> i told them that was my personal opinion and th
owl poll among likely voters say the romney ticket went from a one-point deficit to a large legaled. take a look at this. among independent voters there was a huge shift away from the president that is a big concern for him this close to the election. the other thing to consider tonight the moderator. these are the four moderators for this series of debates. jim laier did the debate. many people say he lost control of the debate. it upped the pressure on martha she is the moderator tonight....
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Oct 14, 2012
10/12
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? capella university understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the knowledge to go further in your career than you ever thought possible. let's get started at capella.edu tyou wouldn't want your adoctor doing your job, hello... so why are you doing hers? only your doctor can determine if your persistent heartburn is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? capella university understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the...
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Oct 12, 2012
10/12
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why didn't we go forward with a plan to reduce the deficit. these guys have been in charge for four years and they don't have a lot to show for it. >> steven, that sounds like an invitation to get lost in the weeds to become the policy wonk that we know both of these two gentlemen are, and let's be honest this is about trying to convince a married woman somewhere in ohio to go republican or democrat versus the other way. how is that going to play? how are details going to play at all tonight? >> i think it's important to have details, just as we saw in the last debate. i think while you could easily get lost in the weeds, i think people came away with an impression as to what each side stood for. i would just say with respect to carly's comments it's not true that obama and biden do not have a budget. they have one. it's called the fiscal year 13 budget they put out that goes into excruciating detail, far more detail than romney and ryan has gone into as to how they would achieve substantial deficit reduction over the next ten years. the presi
why didn't we go forward with a plan to reduce the deficit. these guys have been in charge for four years and they don't have a lot to show for it. >> steven, that sounds like an invitation to get lost in the weeds to become the policy wonk that we know both of these two gentlemen are, and let's be honest this is about trying to convince a married woman somewhere in ohio to go republican or democrat versus the other way. how is that going to play? how are details going to play at all...
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Oct 6, 2012
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when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times of fiscal economic crisis are put aside. it is ideological and i think the term "common-sense" is a terrific one to achieve and try to revive that one as you talk to c-span and agitate your committee. host: let's go back to the bus. john, what is your question? >> how is mitt romney going to be able to win independent voters after he alienated them in the primary? guest: i think that debate over night, which you watched as a student of political science and journalism -- he pivoted to some of the positions that he explicitly set aside during the primaries, where he became truly one of the most --
when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times...
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Oct 6, 2012
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how can he guarantee that and cut the deficit in half as he's promised? >> because we will do what they've not done. if you look at what's happened over the last four years, we have gone from a $5 trillion projected surplus when george bush took office to a $3 trillion projected deficit. they promised they were going to put $2 trillion of the surplus aside for social security. not done. not only that, it's the biggest fiscal turnaround in american history. and there's no end in sight. "the washington post" just reported they have several trillion dollars of additional tax cuts in spending. no suggestion of what they're going to do about it. john kerry and i believe we have a moral responsibility not to leave trillions of dollars of debt to our children and our grandchildren. so, here's what we're going to do, to answer your question, to pay for the things that we believe need to be done. we talk about healthcare and education because we have plans on both those things. what we're going to do is roll back tax cuts -- and i want everyone to hear this becaus
how can he guarantee that and cut the deficit in half as he's promised? >> because we will do what they've not done. if you look at what's happened over the last four years, we have gone from a $5 trillion projected surplus when george bush took office to a $3 trillion projected deficit. they promised they were going to put $2 trillion of the surplus aside for social security. not done. not only that, it's the biggest fiscal turnaround in american history. and there's no end in sight....
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm a bayer aspirin regimen. [ male announcer ] be sure toalk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so young. ffor help finding a plan that's right for you, give unitedhealthcare a call today. >>> a man who is investigating violence against the u.s. embassy in yemen is now shot dead in a street today. it happened in yellen's capital. the man was a yemeni fwhooshl had worked for the embassy for 20 years. witnesses say men on motorcycles drove up next to his car and opened fire. it happened in broad daylight in one of the city's main streets, and the way he was killed, his long career with the u.s. government making officials believe at perhaps he was singled out and targeted. want to talk about paula
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm a bayer aspirin regimen. [ male announcer ] be sure toalk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so...
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Oct 7, 2012
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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Oct 10, 2012
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. how do you get from here... let's say you want to get ahead in your career. to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. in fact, by thinking about where you want your education to lead, while you're still in school, you might find the best route leads somewhere you weren't even looking. let's get to work. >>> i'm frederica wit field in for suzanne malveaux. we're focussing on mitt romney's changing stance on abortion. plus, the wives are more popular than their husbands. could they help sway voters? we're tal
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your...
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Oct 9, 2012
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we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to the extent possible. in figuring out which credits and deductions to eliminate, we must draw a line when it comes to protecting the middle class. we must understand that many of the expenditures in the tax code are not loopholes at all. tax preferences, things like a college education and retirement savings belong in the tax code even after reform happens. they were put in the code on purpose, to make a middle-class lifestyle accessible and sustainable for american families. tax reform recognized this in 1986. even as we cleared out
we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to...
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Oct 7, 2012
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the plan to slash the deficit by gutting social programs and his party is saying he built that. in the other corner, a granddaddy of the base. 29 years old, joe biden became one of the youngest people ever elected to the u.s. senate. he's been steep in the political gospel of the democratic party for 40 years. he's played key roles in u.s. foreign policy as a member and chairman of the foreign committee. middle east, southwest asia, the united states has been there in the last four decades. joe biden has too. of course, congressman paul ryan who chairs the house budget committee also likes to tout his foreign policy chops. >> i have more foreign policy experience coming into this job than president obama did coming into his. >> can you explain how do you have more foreign policy experience than senator obama did. he was on the foreign relations committee. >> norah, i voted to send men and women to war. i've been to iraq and afghanistan. i've met with our troops to get perspectives. i've been to the funerals, i've talked to the widows, talked to the wives, the moms and the dads.
the plan to slash the deficit by gutting social programs and his party is saying he built that. in the other corner, a granddaddy of the base. 29 years old, joe biden became one of the youngest people ever elected to the u.s. senate. he's been steep in the political gospel of the democratic party for 40 years. he's played key roles in u.s. foreign policy as a member and chairman of the foreign committee. middle east, southwest asia, the united states has been there in the last four decades. joe...
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>>guest: he is hailed as a deficit hawk but his own budget doesn't balance until 2040. the olson tws wll b 5 b eme is balanced. >> if you taking youroney, who do you give it to? joe biden and president obama or ryan and ey? ep bon t opant specifics? >>guest: what they --. >>shepard: you are saying you ll not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it wor tabo.eaire >> stimulating the economy, the president has not laid out his plan and they are saying, why doesn't governor romney lay out hisplan. he has done it over and ovend h tedutcug rd >> i would rr ben t side of momentum. >> if you are driving across the country and you say you will do it in 15 years can you not do that unless you speed. that is what mitt romney is sayi >>shd:y saey ll tutit h ld. stands to reason that the american people would go, you should tell us how but they are not going to. >>guest: i think we will hear it from the vice predent. wdov il >>shepard: all right guys, john, john, everyone is john today. we will be in kentucky tomorrow. i
>>guest: he is hailed as a deficit hawk but his own budget doesn't balance until 2040. the olson tws wll b 5 b eme is balanced. >> if you taking youroney, who do you give it to? joe biden and president obama or ryan and ey? ep bon t opant specifics? >>guest: what they --. >>shepard: you are saying you ll not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it wor tabo.eaire >> stimulating the economy, the president...
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the second cost has a $1.7 trillion deficit. the most cynical give a guy in this bill is something we probably all agree on -- we do not think we should cut doctors' 21% next year. we stopped those cuts from occurring every year the last seven years. according to your numbers, this costs $371 billion. it was in the first iteration of all these bills, but because it was a big price tag and made the score look bad, that provision was taken out, and it has been going on in stand-alone legislation. but ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. when you take a look at all of this, it just does not add up. i will finish with the cost curve. are we bending the cost curve down or up? if you look in your own chief actuary at medicare, we are bending it up. he is claiming we are going up $221 billion, adding more to the fiscally unstable situation we have. when you look at this, it is really deeper than deficits or the budget gimmicks or the actuarial analysis. there r
the second cost has a $1.7 trillion deficit. the most cynical give a guy in this bill is something we probably all agree on -- we do not think we should cut doctors' 21% next year. we stopped those cuts from occurring every year the last seven years. according to your numbers, this costs $371 billion. it was in the first iteration of all these bills, but because it was a big price tag and made the score look bad, that provision was taken out, and it has been going on in stand-alone legislation....
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> in june of last year, bloomberg news polled americans on their views of various republican political figures across the country. they found that the single most unpopular republican in america at that time, last summer, was former alaska governor sarah palin. the second most unpopular republican was former house speaker newt gingrich. and rounding out the top three, the republican with the third worst net favorability rating in the entire country, was a back bench congressman from wisconsin named paul ryan. paul ryan at that point had never run for national o
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire...
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he is targeting the deficit. he wants the conversation to get to how much the government is spending and how poorly the economy is doing. the mix should be interesting. i think each candidate will want to push that makes in protect -- in their particular direction host: independent caller, from rockville, maryland. caller: i am probably more of a moderate democrat then i would be considered otherwise. by business owner -- i am a business owner and i am 37-years old. i'm coming to the age where parents seem to be -- where my parents seem to be retiring with medical issues and pensions that seem to be disappearing. we are soon learning the responsibility of our aging parents is falling back on us. in regards to medicare, it will have a grave impact on us. and the economy as a whole. i wonder if this is too sophisticated an issue for the general public to get into. we are seeing how a change to a voucher system could materially impact the ability of the age group between 30-50 and generations below us to sustain an
he is targeting the deficit. he wants the conversation to get to how much the government is spending and how poorly the economy is doing. the mix should be interesting. i think each candidate will want to push that makes in protect -- in their particular direction host: independent caller, from rockville, maryland. caller: i am probably more of a moderate democrat then i would be considered otherwise. by business owner -- i am a business owner and i am 37-years old. i'm coming to the age where...
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if you let the bush tax cuts expire as a whole, 80% of our deficit problems are taken care of with that, and it's an actual number, it's not 40 billion a year. it's an actual number. >> then you're raising taxes on the middle class. >> right, you're broadening the base. you're not going to be able to do that without -- >> but obama and romney pledged they don't want to raise taxes on the middle class. >> is it a realistic idea two years from now, three years from now? >> that's an important question, because as much as so many people, and i'm one of them, admire simpson-bowles and admire particularly i think the heroic contributions, and they really are, that alan simpson and erskine bowles made to get us close to a the resolution, it is a sweeping tax reform, and historically, tax reform has taken in the modern era years to do. the '86 tax act, the last time we had major tax reform in this country took four years to do, first introduced in '82 and so the idea that in the lame duck session we'll have big tax reform for the first two months of 2013 -- >> bowles and simpson would say get
if you let the bush tax cuts expire as a whole, 80% of our deficit problems are taken care of with that, and it's an actual number, it's not 40 billion a year. it's an actual number. >> then you're raising taxes on the middle class. >> right, you're broadening the base. you're not going to be able to do that without -- >> but obama and romney pledged they don't want to raise taxes on the middle class. >> is it a realistic idea two years from now, three years from now?...
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the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge expansion that lasted for decades, a building of the middle class that's the envy of the world or used to be. peter, peter morici, can this feat of rebuilding the middle class and reducing the deficit, can that happen again? >> absolutely, but we have to remember that roosevelt inherited a very small government, so expanding it wasn't the rock on the back of the private sector. a more comparable situation was reag reagan's dilemma, inherited an economy with double digit inflation and interest rates and unemployment that peaked at 10.8%, not 10 as mr. obama's did, but hy he took his stimulus in
the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge...
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the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being questioned in turkey. and the understanding is that they were somehow allegedly tied to the attack in libya. now, they were on the watch list that the u.s. compiled. that was given to the turks and the turks picked them up, apparently came into the country this week and the fbi is hoping they will have some type of access to them. >> questioned them already, but would like to have a chance to. >> right. >> there was also another development today in this investigation. this e-mail between the state department and the team benghazi surfaced. what do we know about that? >> well, this is part of, you kno
the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being...
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the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look at this it is really deeper than the def
the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that...
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Oct 7, 2012
10/12
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CSPAN
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adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who goes to college, which means they spend more money. calls for a $5 trillion cut. he is saying he will pay for it deductions. he has been asked how he would deductions. them. when you add up all the loopholes and deductions that all away. you do not come close to paying for $5 trillion. that is why independent studies looking at this said the only way to meet governor romney's deficit or not adding to theclass families. where people at the top are doing well while middle-class families are burdened further, that is not what i believe is a recipe for economic growth. >>
adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who...
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Oct 11, 2012
10/12
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now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had trillion-dollar deficits. >> yep. >> all four years. what's the cause of that? >> well, the cause of that is clearly stimulus spending but also a lack of revenue. the revenue numbers that we had projected were much, much greater. you know, unemployment is responsible for that. lower taxes are responsible for that. and the obama administration has lowered taxes consistently. it's brought in less revenue. >> let's look at the question about the dow jones average. it's fascinating. this president has been seen as being hostile to wall street. wall street believes that wall street has been treated
now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had...
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Oct 9, 2012
10/12
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CURRENT
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he says he is going cut taxes by $4.8 trillion, but no taxes that will contribute to the deficit? >> yeah. that one stuck out, especially since you can go right back to the primary campaign and when he was debating newt gingrich and rick santorum and the rest of the crew, he said hey wait a second, i'm going to reduce taxes by 20% across the board including the top 1%. that was his line. and the other thing that really stuck out is this issue of preexisting conditions when he looks into the camera and says hey, my plan does cover preexisting conditions. well that is just not true. it doesn't cover preexisting conditions for people who haven't had insurance before, which is a big part of the problem, literally millions and millions of people who would not be covered under his plan. >> bill: the one that really disappointed me to say the least, three times he came back to president obama has cut medicare benefits by $716 billion. >> yeah well there's -- there are a number of problems with that, starting with that it's not true. it's -- what he has done is they found savings on the p
he says he is going cut taxes by $4.8 trillion, but no taxes that will contribute to the deficit? >> yeah. that one stuck out, especially since you can go right back to the primary campaign and when he was debating newt gingrich and rick santorum and the rest of the crew, he said hey wait a second, i'm going to reduce taxes by 20% across the board including the top 1%. that was his line. and the other thing that really stuck out is this issue of preexisting conditions when he looks into...
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Oct 9, 2012
10/12
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the budget deficit, annual deficit was $160 billion and on a trajectory to being balanced. now it's 1$1.1 trillion, seven times higher. you mentioned spending at $16,000 per second. you know what it is now? $47,000 per second. the amount makes it much, much worse, and the other thing is our credit rating has been downgraded for the first time ever in history. when i leaf the senate, the government was bore roerg about six cents of every dollar being spent and now it's 31 cents being borrowed of every dollar being spent. that's why we needge fiscal discipline in washington? >> i've never heard someone defend increasing the debt by $16,000 a second as a good thing and the thing that's kind of mystifying about it is as he was doing, that he was repeated voting to raise his own pay, as if that somehow merit add pay increase. on the issues of women's health, there was a very, very vivid and i think horrifying speck spectacle in the general assembly last year when the legislature tried to force women to have and i vai sieve ultrasound proceeding against their will, medically unne
the budget deficit, annual deficit was $160 billion and on a trajectory to being balanced. now it's 1$1.1 trillion, seven times higher. you mentioned spending at $16,000 per second. you know what it is now? $47,000 per second. the amount makes it much, much worse, and the other thing is our credit rating has been downgraded for the first time ever in history. when i leaf the senate, the government was bore roerg about six cents of every dollar being spent and now it's 31 cents being borrowed of...
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worse by austerity warning governments that increasing economic output should be put ahead of meeting deficit targets in other words governments need to be growing economies not contract thing that she specifically urged policymakers in the eurozone to give greece more time to meet spending cuts goals to soften the impact of austerity according to data from the i.m.f. world economic outlook the eurozone nations that embraced austerity like greece portugal and spain have seen their economies contract far more than yours or nations that haven't so let's hope austerity happy republicans in the united states like paul ryan who's debating tonight are paying attention to the harm their policies are causing across the atlantic. so let's assume you think your neighbor is a terrorist and you just need to find the evidence so you know you start opening his mail and you wiretap his phone and you climb through his window when he's at work and check his internet search history well guess what would happen if you did all of these things and got caught you go to jail these are federal crimes but now let's a
worse by austerity warning governments that increasing economic output should be put ahead of meeting deficit targets in other words governments need to be growing economies not contract thing that she specifically urged policymakers in the eurozone to give greece more time to meet spending cuts goals to soften the impact of austerity according to data from the i.m.f. world economic outlook the eurozone nations that embraced austerity like greece portugal and spain have seen their economies...
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Oct 7, 2012
10/12
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FOXNEWS
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Oct 9, 2012
10/12
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of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my...
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Oct 11, 2012
10/12
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CNNW
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increased spending to increase the the deficit. >> while you watch the debate tonight, get instant reaction debates live blog. just rolls off the tongue, doesn't it? we'll be right back. >>> in 1994 when george bush sr. was in a debateferaro, he appeared to be patronizing toward her. >> let me help you with the difference between iran and the embassy in lebanon. >> and she answered right on the button. >> let me just say first of all that i almost recent your patronizing attitude that you have to teach me about foreign policy. >> that moment, i think, solid fie e fieded the idea that a woman had the right to be there as a vice presidential candidate. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas...
increased spending to increase the the deficit. >> while you watch the debate tonight, get instant reaction debates live blog. just rolls off the tongue, doesn't it? we'll be right back. >>> in 1994 when george bush sr. was in a debateferaro, he appeared to be patronizing toward her. >> let me help you with the difference between iran and the embassy in lebanon. >> and she answered right on the button. >> let me just say first of all that i almost recent your...
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Oct 6, 2012
10/12
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WETA
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you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them
you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for...
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Oct 6, 2012
10/12
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one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. win.thought romney was
one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers....